The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Pediatric Imaging Global Market Report 2024, the pediatric imaging market is expected to show promising growth in the forecast period.

1. Introduction

The pediatric imaging market has experienced rapid expansion, playing a pivotal role in diagnosing and treating a range of ailments affecting the younger population. In 2023, the market size stood at $8.71 billion, projecting a growth to $9.61 billion in 2024, reflecting a Compound Annual Growth Rate (CAGR) of 10.4%. Looking ahead, the forecast remains optimistic, with an anticipated surge to $14.1 billion in 2028, marking a CAGR of 10.0%. This growth is driven by several factors, including the rise in pediatric ailments, increased awareness, and technological advancements in imaging.

2. Rising Incidence of Pediatric Ailments
3. Key Driver for Market Growth

• Pediatric imaging addresses the scanning and diagnosis of smaller age group patients using advanced technologies such as ultrasound, CT scan, and X-ray.
• Essential in predicting abnormalities and formulating effective treatment plans for children.

1. Statistics Reflecting the Need

• According to the National Cancer Institute, approximately 15,990 children aged 0-19 years were diagnosed with cancer in the United States in 2021.
• Increased pediatric ailments drive the growth of the pediatric imaging market.

3. Major Companies in the Pediatric Imaging Market

• Key Players:
  • Agfa-Gevaert NV
  • Canon Inc.
  • FUJIFILM Holdings Corporation
  • Hitachi Medical Corporation
  • Siemens Healthcare GmbH
  • Samsung Medison Co. Ltd.
  • General Electric Company
  • Hologic Inc.
  • Mednax Inc.

4. Innovative Multi-Departmental Imaging Solutions
5. Advancements in Imaging Solutions

• Major companies focus on developing innovative products like multi-departmental imaging solutions to meet diverse healthcare needs.
• These solutions enhance patient care and outcomes by providing modern imaging technology across various departments.

1. Samsung’s BodyTom 64 CT Scanner

• Samsung Electronics Co. Ltd. introduces the BodyTom 64 CT scanner, an enhanced model with expanded functionality and high-resolution imaging capabilities.
• Suitable for both adult and pediatric imaging, offering applications in neurological surgery, interventional radiology, trauma, and more.

5. Strategic Acquisitions Shaping the Market
6. Fujifilm’s Acquisition of Hitachi Diagnostic Imaging

• In March 2021, Fujifilm Holdings America Corporation acquires Hitachi Diagnostic Imaging for $1.38 billion.
• Aims to strengthen the product portfolio in imaging diagnosis, providing comprehensive solutions for various clinical needs.

6. Market Segmentation and Regional Insights

• Segmentation:
  1. By Modality: Ultrasound, MRI, CT, X-ray, Other Modalities
  2. By Application: Orthopedics, Gastroenterology, Cardiology, Oncology, Neurology, Other Applications
  3. By End-User: Hospitals, Diagnostic Centers, Other End-Users
• Regional Insights:
  • North America dominated the pediatric imaging market in 2023.
  • Asia-Pacific projected as the fastest-growing region in the forecast period.

7. Conclusion

As the pediatric imaging market continues to evolve, it stands at the forefront of enhancing healthcare for children. The innovative solutions and technological advancements presented by major companies, coupled with strategic acquisitions, showcase a commitment to providing comprehensive and advanced imaging services. The growth trajectory reflects a collective effort to create child-friendly imaging environments, optimize workflows, and involve parents in the pediatric imaging process. The pediatric imaging market is not just a financial success but, more importantly, a testament to the commitment to advancing pediatric healthcare globally.

View More On The Pediatric Imaging Market Report 2024 – https://www.thebusinessresearchcompany.com/report/pediatric-imaging-global-market-report

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